EANS-News: OVB Holding AG /

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9-month report

Köln (euro adhoc) - OVB generated total sales commission of EUR145.2
million in the first nine months of 2010

Sales growth of 6.1% in the Central and Eastern Europe region

Number of customers increased to 2.80 million

Consolidated sales almost at the level of the previous year

Cologne, 5 November 2010 - in the period from January to September
2010, the OVB Group, which operates in 14 countries and is one of the
leading European financial services sales organisations, generated
total sales commission of EUR145.2 million, meaning that it almost
matched the previous year´s figure of EUR147.4 million.

In the Central and Eastern Europe segment, the growth in sales gained
momentum: total sales commission of EUR65.9 million was achieved
here, 6.1% more than in the corresponding period last year (EUR62.1
million).

In Germany, total sales commission came to EUR52.1 million in the
reporting period (previous year: EUR55.2 million).

In the Southern and Western Europe segment, business has stabilised
in recent months. Despite a number of negative factors, OVB achieved
total sales commission of EUR27.2 million in this segment; this
figure is 9.6% down on the previous year´s figure of EUR30.1 million.
Halfway through the year, the decline was still almost 25%.

In the first nine months of the 2010 financial year, the OVB Group
generated earnings before interest and taxes (EBIT) of EUR3.5
million. Operating income is therefore EUR2.7 million, or 43.5%, down
year-on-year. The Central and Eastern Europe segment contributed
EUR5.6 million to EBIT (previous year: EUR7.7 million).

Germany increased its EBIT contribution from EUR4.2 million to EUR4.5
million. The Southern and Western Europe region, which was still
reporting a loss halfway through the year, achieved a plus of EUR0.2
million (previous year: EUR0.8 million). The reasons for the delayed
upturn in earnings are persistently weak markets in some European
countries and the increase in the proportion of current commissions
attributable to field sales.

The EBIT margin, calculated on the basis of total sales commission,
stood at 2.5% (previous year: 4.2%). "We recorded a business recovery
in the first nine months of the year", comments Oskar Heitz, Chief
Financial Officer of OVB Holding AG on the figures. "However, this
still lacks the sustained character and momentum to pick up on levels
of previous years in terms of sales and income."

Other operating expenses were reduced by 10.9% to EUR30.8 million
from January to September, which was attributable to the first
results of the cost-cutting programme.

There have been few changes to the composition of new business by
product group. Funds-based pension provision products dominate with a
share of 57% (previous year: 56%), followed by other pension
provision products, accounting for an unchanged 16%; these include
traditional life and annuity policies, in particular.

The number of customers increased year-on-year by 0.4% to 2.8 million
customers; more than 7,000 new customers have been acquired since
mid-2010.

The number of financial advisors working for OVB across Europe
decreased by 139 from 4,715 to 4,576 sales representatives over the
same period. In Central and Eastern Europe, the number of financial
advisors increased by 1.8% to 2,778 sales representatives. A slight
plus of 0.7% to 1,345 was also recorded in Germany. In Southern and
Western Europe alone, the size of the sales team shrank by some 30%
to 453 financial advisors.

"In terms of total sales commission, we are confident of being able
to come close to the previous year´s figure of some EUR200 million
through the joint efforts of all our financial consultants and
employees in the last few weeks of the year", the CEO Wilfried
Kempchen explains the outlook for the year as a whole. "In terms of
earnings, we expect growth in EBIT in the direction of EUR5 million
for the year as a whole."

About the OVB Group OVB Group, with its holding company headquartered
in Cologne, is one of the leading European financial sales
organisations. Since the formation of OVB Vermögensberatung AG in
Germany in 1970, customer-oriented consulting for private households
in the areas of insurance coverage, asset building and appreciation,
pension provision and real estate acquisition have formed the focus
of OVB's business activities. OVB currently advises 2.8 million
customers across Europe, working in cooperation with over 100
renowned product partners. OVB is presently active in 14 countries,
with 4,576 full-time financial advisors working for the Group. OVB is
presently active in 14 countries, with 4,576 full-time financial
consultants working for the Group. In 2009, OVB Holding AG and its
subsidiaries generated total sales commission of EUR201.6 million and
EBIT of EUR9.6 million. OVB Holding AG has been listed on the
Frankfurt Stock Exchange (Prime Standard, ISIN DE0006286560) since
July 2006.

OVB will publish the results for the 2010 financial year on 30 March
2011.

A presentation and the interim report on the first nine months of
2010 can be downloaded from the Investor Relations section of
www.ovb.ag.

This IR release is also available on the Internet at:
www.ovb.ag->Investor Relations->IR Releases

Key figures of the OVB Group for the first three quarters of 2010

|Key operating figures|Unit |01.01. - |01.01. - |Change |
| | |30.09.2009 |30.09.2010 | |
|Customers (30 |Number in |2.79 |2.80 |+ 0.4% |
|September) |million | | | |
|Financial advisors |Number |4,715 |4,576 |- 2.9% |
|(30 September) | | | | |
|New policies |Number |372,439 |335,914 |- 9.8% |
|Total sales |EUR |147.4 |145.2 |- 1.5% |
|commission |million | | | |

|Key financial figures|Unit |01.01. - |01.01. - |Change |
| | |30.09.2009 |30.09.2010 | |
|Earnings before |EUR |6.2 |3.5 |- 43.5% |
|interest and taxes |million | | | |
|(EBIT) | | | | |
|EBIT margin* |% |4.2 |2.5 |- 1.7%-pts.|
|Consolidated net |EUR |4.7 |2.5 |- 46.8% |
|income |million | | | |
|Earnings per share |EUR |0.33 |0.18 |- 45.5% |
|(basic) | | | | |

* on the basis of total sales commission

Key figures by region for the first three quarters of 2010

| |Unit |01.01. - |01.01. - |Change |
| | |30.09.2009 |30.09.2010 | |
|Central and Eastern | | | | |
|Europe | | | | |
|Customers (30 |Number in |1.77 |1.80 |+ 1.6% |
|September) |million | | | |
|Financial advisors |Number |2,729 |2,778 |+ 1.8% |
|(30 September) | | | | |
|Total sales |EUR |62.1 |65.9 |+ 6.1% |
|commission |million | | | |
|EBIT |EUR |7.6 |5.6 |- 26.3% |
| |million | | | |
|EBIT margin* |% |12.3 |8.5 |- 3.8%-pts.|
|Germany | | | | |
|Customers (30 |Number |694,883 |684,250 |- 1.5% |
|September) | | | | |
|Financial advisors |Number |1,335 |1,345 |+ 0.7% |
|(30 September) | | | | |
|Total sales |EUR |55.2 |52.1 |- 5.6% |
|commission |million | | | |
|EBIT |EUR |4.2 |4.5 |+ 7.1% |
| |million | | | |
|EBIT margin* |% |7.6 |8.6 |+1.0%-pts. |
|Southern and Western | | | | |
|Europe | | | | |
|Customers (30 |Number |324,340 |307,843 |- 5.1% |
|September) | | | | |
|Financial advisors |Number |651 |453 |- 30,4% |
|(30 September) | | | | |
|Total sales |EUR |30.1 |27.2 |- 9.6% |
|commission |million | | | |
|EBIT |EUR |0.8 |0.2 |- 75.0% |
| |million | | | |
|EBIT margin* |% |2.5 |0.7 |- 1.8%-pts.|

* on the basis of total sales commission

end of announcement euro adhoc
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ots Originaltext: OVB Holding AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Brigitte Bonifer

Investor Relations

Tel.: +49 (0)221 2015 288

E-Mail: bbonifer@ovb.de

Branche: Financial & Business Services
ISIN: DE0006286560
WKN: 628656
Index: CDAX, Classic All Share, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade